Motor Lamination Market Size Worth $44.93 Billion by 2032 | CAGR: 8.4%

The global motor lamination market size is expected to reach USD 44.93 billion by 2032, according to a new study by Polaris Market Research. The report “Motor Lamination Market Share, Size, Trends, Industry Analysis Report, By Station Type (Automated and Manual); By Service Type; By Application; By Battery Capacity; By Vehicle Type; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

India's global pledge to reduce the carbon intensity of its GDP by 45% by 2032 and achieve net-zero emissions by 2070. The updated Nationally Determined Contributions (NDCs) of India to the United Nations Framework Convention on Climate Change contain these objectives (UNFCCC). Through such actions, India hopes to better contribute to the international effort to address the concerns posed by climate change, as stipulated in the Paris Agreement or the 21st Conference of the Parties (COP 21). This will further propel the use of electric vehicles in the country.

The market is growing primarily as a result of the increasing demand for luxury car sales on a global scale. Air pollution and environmental degradation are the two biggest problems the world is currently facing. Automobile manufacturers are now required to create vehicles that comply with regional regulatory requirements due to the growing public awareness of the harmful effects of vehicle emissions. Due to stricter emission rules, sales of electric vehicles, including BEVS, HEVs, and PHEVS, have increased.

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Motor Lamination Market Report Highlights

• The Comforts and Safety segment is anticipated to grow at a higher growth rate owing to the increasing investments in R&D and manufacturing capacity in various countries.
• Passenger Car Segment is projected to witness higher growth rate owing to the rising number of passengers cars in the economy will create further demand for the market.
• Welding is expected to hold the significant market share in coming years due to its efficiency, cost effectiveness, high quality production and increased demand for electric motors.
• Asia Pacific is expected to grow at a higher growth rate owing to the rising automobile production.
• The global players include Tempel, Pitti Engineering, Alinabal, EuroGroup Laminations, R. Bourgeois Alliance Steel, Metglas, Lawkim Motors, Sinotech, United States Steel, Lamination Specialties Incorporated, LCS Company, Polaris Laser Laminations & Partzsch Group.

Polaris Market Research has segmented the motor lamination market report based on form, product, application, and region:

Motor Lamination, Application Outlook (Revenue - USD Billion, (2019 - 2032)

• Performance
• Comfort
• Safety

Motor Lamination, Technology Type Outlook (Revenue - USD Billion, (2019 - 2032)

• Welding
• Bonding
• Stomping

Motor Lamination, Motor Type Outlook (Revenue - USD Billion, (2019 - 2032)

• Electric Water pump motor
• Radiator cooling fan motor
• Electronic throttle valve control motor
• Electronic variable gear ratio motor
• Electronic variable valve timing motor
• Variable nozzle turbo motor
• Adjustable pedal motor
• Electric power steering motor
• Wiper motor
• Starter motor
• EGR Motor
• Fuel pump motor
• Power antenna motor
• Air conditioner motor
• Door mirror motor
• Power window motor
• Tilt steering column motor
• Blower motor
• Power Seat motor
• Electric sunroof motor
• Door closer motor
• Cruise control motor
• Adaptive front light motor
• Electronic stability control motor
• ABS motor
• Electronic parking brake motor

Motor Lamination, Vehicle Type Outlook (Revenue - USD Billion, (2019 - 2032)

• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses

Motor Lamination, Material Type Outlook (Revenue - USD Billion, (2019 - 2032)

• Cold-Rolled Non Oriented steel
• Cold-Rolled Non Grained steel

Motor Lamination, Electric Vehicle Type Outlook (Revenue - USD Billion, (2019 - 2032)

• BEV
• PHEV
• FCEV

Motor Lamination, Regional Outlook (Revenue - USD Billion, (2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa